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It’s time for Brian Armstrong to make his transfer. Whereas different billionaire CEOs attempt to purchase bankrupt crypto corporations on a budget, the Coinbase chief is focusing his sights on onerous science. To announce his new endeavors Brian Armstrong visited Tim Ferriss’ podcast. In that interview, he expanded on the deep matters that the businesses he’ll fund cope with. Make no mistake, although. The true announcement was that Brian Armstrong is promoting Coinbase inventory.
I’m sharing this as I would like you to listen to it from me first.
— Brian Armstrong (@brian_armstrong) October 15, 2022
In a current Twitter thread, the Coinbase CEO wrote, “I’m captivated with accelerating science and tech to assist remedy among the greatest challenges on this planet. To additional this, I’m planning to promote about 2% of my Coinbase holdings over the subsequent yr to fund scientific analysis and firms like NewLimit + ResearchHub.” What are these corporations and what do they do? Maintain studying to seek out out.
Contemplating the alarming quantity of crypto CEOs leaving their positions, it’s necessary that Brian Armstrong cleared this up. “For the avoidance of doubt, I intend to be CEO of Coinbase for a really very long time and I stay tremendous bullish on crypto and Coinbase. I’m totally devoted to rising our enterprise and advancing our mission, however I’m additionally excited to contribute otherwise,” he tweeted.
What are the concepts that excite Brian Armstrong this a lot? Let’s discover out.
Brian Armstrong ’s ResearchHub And NewLimit
So, Brian Armstrong will “fund scientific analysis and firms like NewLimit + ResearchHub.” What do these corporations stand for, although? Properly, ResearchHub is “a device for the open publication and dialogue of scientific analysis. Researchhub’s customers are rewarded with ResearchCoin (RSC) for publishing, reviewing, criticizing, and collaborating within the open.” Fascinating, an open scientific assume tank with a cryptocurrency element.
For its half, ResearchCoin is each a utility token and a governance token. “RSC offers customers the power to create bounties, tip different customers, and achieve voting rights inside group choice making.” That is the challenge’s Twitter account.
However, NewLimit is “treating age-related illness to increase human healthspan” and “creating epigenetic reprogramming medicines to deal with ailments with giant unmet wants.” That is their Twitter account. This one is within the life extension enterprise, however the specifics are tougher to understand. Fortunately, NewLimit gives a weblog put up authored by Brian Armstrong himself through which he goes deep into the subject at hand:
“NewLimit will begin by deeply interrogating epigenetic drivers of growing older and creating merchandise that may regenerate tissues to deal with particular affected person populations. We’ll begin by utilizing main human cells and reference species to develop machine studying fashions on what chromatin options change with age, which of those modifications could also be causal to the growing older course of, and eventually develop therapies that might gradual, halt, or reverse this course of.”
In that very same weblog put up, we be taught that the corporate was “co-founded by Brian Armstrong and Blake Byers with the mission of extending human healthspan.” And thus, we determine that Coinbase CEO is the cash behind each corporations.
The connection between COIN and USDT on Bittrex | Supply: COIN/USDT on TradingView.com
The Tim Ferriss Interview
To launch his new endeavors in the correct means, Brian Armstrong went to the favored Tim Ferriss podcast. In it, he introduced the reasoning behind his investments. “I believe we’re sort of on this golden age of software program the place fortunes are being made. However a few of that wealth, even in crypto, is now being directed into onerous science, onerous science issues, atoms, not bits,” he mentioned.
As to what the corporate really does, Armstrong defined that they’re attempting to “construct a platform that checks a number of completely different transcription components with completely different cell sorts and makes use of machine studying to try this in a virtuous cycle.” He additionally defined the entrepreneurial spirit behind the entire ordeal.
“We’re attempting to assist people dwell for much longer, not just a bit bit longer. However I believe in any good moonshot firm, you wish to have intermediate milestones alongside the best way. And so the intermediate milestones are extra like, may we get a particular kind of cell to be rejuvenated and be youthful?”
Due to @tferris who I not too long ago spoke with about these pursuits: https://t.co/0EUdzICfVV
— Brian Armstrong (@brian_armstrong) October 15, 2022
About ResearchHub, the Coinbase CEO confirmed that it’s “one other firm that I funded and tried to assist get off the bottom.” What does this one do?
“We’re attempting to make it simple for individuals to kind by way of the entire tens of millions of papers which are revealed yearly to what are essentially the most impactful. We’re attempting to assist get issues like peer overview, Q&A, feedback, suggestions round analysis to be extra collaborative with individuals.”
And people are the concepts that Brian Armstrong will dedicate the subsequent a part of his life to. Whereas on the similar time serving as Coinbase’s CEO, after all.
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